Paragraph 2 Obligation to transfer AssetsI1I2
United Kingdom
The Trustee must transfer the Assets comprising the Transfers and each Associated Liability to the Fund or procure the transfer of the Assets comprising the relevant Transfer and each Associated Liability to the Fund.
The Trustee must transfer the Assets and each Associated Liability that relates to them on or as soon as reasonably practicable after—
the Effective Date if the Assets comprise part of the Interim Transfer, or
the Final Transfer Date if the Assets comprise part of the Final Transfer.
This paragraph does not apply in respect of Assets or Associated Liabilities to which paragraph 4, 5, 6 or 9 apply.
Annotations
Commencement
- I1
Sch. 5 para. 2 not in force at made date, see art. 1(2)
- I2
Sch. 5 para. 2 in force at 1.4.2012 by S.I. 2012/966, arts. 2, 3(b)